Lazard Ltd. (LAZ) Tops Q4 EPS by 10c; Revenues Beat

Lazard Ltd. (NYSE: LAZ) reported Q4 EPS of $0.91, $0.10 better than the analyst estimate of $0.81. Revenue for the quarter came in at $708 million versus the consensus estimate of $682.25 million.

• Record fourth-quarter operating revenue reflecting strength across businesses
• Entering 2020 with higher assets under management than 2019 and momentum in M&A activity
• Returned $850 million to shareholders in 2019 through dividends and share repurchases

“Record fourth-quarter operating revenue reflected strength across our businesses,” said Kenneth M. Jacobs, Chairman and Chief Executive Officer of Lazard. “We are in a strong position as we enter 2020, with a global platform that incorporates diverse revenue streams of significant scale, innovative client solutions that drive performance, and growth opportunities in which we continue to invest.”

For earnings history and earnings-related data on Lazard Ltd. (LAZ) click here.

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